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Here is the income statement for Skysong, Inc. Net sales Cost of goods sold Gross profit Expenses (including $14,000 interest and $25,200 income taxes) Net income Additional information: 1. 2. 3. SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 (a) (c) (d) Compute the following measures for 2022. (Round earnings per share to 2 decimal places, eg. 1.83 and all answers to 1 decimal places, e.g. 1.8 or 2.5%) (b) Price-earnings ratio Earnings per share Common stock outstanding January 1, 2022, was 26,700 shares, and 36,500 shar The market price of Skysong stock was $15 on December 31, 2022. Cash dividends of $21,300 were declared and paid. Payout ratio Times interest earned $ 3.97 3.78 $438,400 217,900 12.60 12.16 220,500 89,500 $ 131,000 times % times

Here is the income statement for Skysong, Inc. Net sales Cost of goods sold Gross profit Expenses (including $14,000 interest and $25,200 income taxes) Net income Additional information: 1. 2. 3. SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 (a) (c) (d) Compute the following measures for 2022. (Round earnings per share to 2 decimal places, eg. 1.83 and all answers to 1 decimal places, e.g. 1.8 or 2.5%) (b) Price-earnings ratio Earnings per share Common stock outstanding January 1, 2022, was 26,700 shares, and 36,500 shar The market price of Skysong stock was $15 on December 31, 2022. Cash dividends of $21,300 were declared and paid. Payout ratio Times interest earned $ 3.97 3.78 $438,400 217,900 12.60 12.16 220,500 89,500 $ 131,000 times % times

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
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Problem 22BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...
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Here is the income statement for Skysong, Inc. Net sales Cost of goods sold Gross profit Expenses (including $14,000 interest and $25,200 income taxes) Net income Additional information: 1. 2. 3. (a) SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 (b) (c) (d) Compute the following measures for 2022. (Round earnings per share to 2 decimal places, e.g. 1.83 and all answers to 1 decimal places, e.g. 1.8 or 2.5%) Earnings per share Price-earnings ratio Common stock outstanding January 1, 2022, was 26.700 shares, and 36,500 shar The market price of Skysong stock was $15 on December 31, 2022. Cash dividends of $21,300 were declared and paid. Payout ratio Times interest earned 3.97 3.78 $438,400 217,900 12.60 12.16 220,500 89,500 $ 131,000 % times times
Transcribed Image Text:Here is the income statement for Skysong, Inc. Net sales Cost of goods sold Gross profit Expenses (including $14,000 interest and $25,200 income taxes) Net income Additional information: 1. 2. 3. (a) SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 (b) (c) (d) Compute the following measures for 2022. (Round earnings per share to 2 decimal places, e.g. 1.83 and all answers to 1 decimal places, e.g. 1.8 or 2.5%) Earnings per share Price-earnings ratio Common stock outstanding January 1, 2022, was 26.700 shares, and 36,500 shar The market price of Skysong stock was $15 on December 31, 2022. Cash dividends of $21,300 were declared and paid. Payout ratio Times interest earned 3.97 3.78 $438,400 217,900 12.60 12.16 220,500 89,500 $ 131,000 % times times
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